Are High Unemployment benefits hurting the economy?

[mjarrels]

"If" people receive their government checks this year, I expect your will get a 1099 form next year as income and will have to pay taxes on it.

mark

 

[4570Man]

It looks like the Waltons are greedy when you just look at what they earn, but there are many factors involved.
First, they may make 36 billion dollars a year before taxes but you can imagine how much taxes they pay a year.
Second, they have over 2,300,000 employees. They just gave their employees a large raise but if they give them even $1 an hour more pay, the workers would still complain that they aren't making enough and it would cost the Waltons over $11,500,000,000 a year for that small pay increase and that is not even including what they have to pay in health benefits and unemployment taxes, social security taxes, etc. If they gave them a $2 an hour increase in wages it would make Walmart bankrupt and the workers would still complain they aren't getting enough.

They net less than $2000 a year for each employee they hire. How many of you make more than that annually off each employee you hire? Does this mean you are greedy too? I know lots of business owners that have 10 employees and make way more than $20,000 a year.

So there’s the obvious solution that anyone with a functioning brain would do. Buy more self checkouts. Less whining and less money. Everyone hates on those things but every smart business cuts unnecessary expenses.

 

[rswyan]

^^^^^


A large part of that distrust is because politicians are running the show, not health care experts. (AKA Doctors)

Nailed it ... :thumbsup:

 

[hawkeye08]

The extra unemployment benefits need to be short term (4 months max). Giving folks this money will keep some businesses running due to the fact that many of the folks getting the money will spend it, whether it is for food, rent or whatever.

 

[Travelover]

"If" people receive their government checks this year, I expect your will get a 1099 form next year as income and will have to pay taxes on it.

mark

That is simply not true - stimulus checks are not taxable.

Do I have to pay income taxes on the amount of my payment?

No.

Coronavirus Stimulus Package F.A.Q.: Checks, Unemployment, Layoffs and More - The New York Times

 

[Steppenwolfe]

^^^^^


A large part of that distrust is because politicians are running the show, not health care experts. (AKA Doctors)

HUH... I heard this virus thing was a hoax to make the potus look bad. :shocked: So, there is that...

 

[airbiscuit]

Unemployment benefits are taxable. Stimulus checks are not taxable. Corporate Bailouts are ... well you know.

 

[Jstpssng]

HUH... I heard this virus thing was a hoax to make the potus look bad. :shocked: So, there is that...

Tell that to all of the people who are dying from it.

 

[Steppenwolfe]

Corporate Bailouts are ... well you know.

Like handing $5 bucks to the "homeless" dude on the corner?

 

[Steppenwolfe]

Tell that to all of the people who are dying from it.

Hey... don't blame me, you know darn well where that started...